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.s. economy, fewer jobs, less investment, and lower wages. back to you, guys. rick: liz macdonald. you hear talking points from both sides. we want to try to get down and drill to the facts. you have the president drawing a new line in the sand according to a lot of headlines this morning with plans to open up friday's fiscal cliff negotiations with absolutely no concessions on the table and far more in new taxes than republicans have said they're willing to even consider. so we have some breaking news. we'll get to that in a minute. jenna. jenna: i guess we'll go down live to d.c. now. we're waiting a press conference. there is senator mccain, ayotte and graham talking about the future of the benghazi investigation. let's take a listen. >> establish such a select committee and we will urge the senate leadership to act on it as soon as possible. while we await the findings and recommendations of the administration's internal review of the benghazi attack, it is essential for the congress to conduct its own independent assessment. let me be clear. there is no credibility amongst most of us c
drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching this all for us in washington. democrats got the white house, they got the senate. how are they beg
of the fiscal cliff and raising taxes on the top two rates would cost the economy more than 700,000 jobs. >> rorter: so republicans are hoping for new revenues but not from increased tax rates. remember, jenna, back in 2010, when the economy was growing at 2.3%, president obama extended all the bush tax cuts saying the economy was too weak to digest a tax increase. now it is growing at 2% but mr. obama is forging ahead anyway. jenna. jenna: it will be interesting to watch. jim, thank you. >> reporter: yes, ma'am. jon:. >> mr. president, this is your moment. we're ready to be led not as democrats or republicans but as americans. we want you to lead, not as a liberal or a conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> it's better to dance than to fight. it is better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that is the way it has been the las
has been with the eu. as they faulter we have to consider the impact this may have on our own economy. jon: on the hill they call him dr. no, fiscal conservative senator shaun coburn maintaining his position against federal spending programs. he kicked off his programs for $68 billion in cuts. steve centanni live in washington. tell us about this report, what is in it. >> the report on spending in the department of defense is called the department of everything, and recommends specific cuts over ten years in five main areas of concern. the report says in part, these areas are merely a starting point for reviewing pentagon spending that is unnecessary, duplicative, wasteful or simply not related to defense. we must refocus the pentagon on its true mission, fighting and winning the nation's wars. the report highlights waste in dozens of specific programs, they include research on what fish can teach us about democracy, a study of jargon used on twitter and how it differs across the country. a reality cooking show featuring grill sergeants. a so-called starship project that included a di
with the major problems that are facing us. this will bring jobs home, result in a stronger, healthier economy and a stronger healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground and i hope the president will respond today in that same spirit. that is on wednesday. this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. earlier this week the president and i had a short conversation. it was cordial. i think we both understand that trying to find a way to avert the fiscal cliff is important for our country and i'm hopeful that productive conversations can begin soon so that we can forge an agreement that can pass the congress. with that, i will be happy to answer some questions. >> [inaudible]. >> when the president and i have been able to come to an agreement there has been no problem getting it passed here in the house. >> [inaudible]. >> well, clearly, the deficit is a drag on our economy. and we can't contin
as the evil empire as terry does. >> if you want to wreck an economy. you could raise tax rates. that is pretty evil. >> i don't think that happened under reagan or under bill clinton. marginal tax rate increase that democrats are looking for will do nothing more than help support the majority of middle class americans that not only support increases on, increase in tax rates on people who are earning over $250,000 but also support not cutting things like social security and medicare and medicaid. and so i think the democrats come in not feeling very, very, rather feeling very strong around this idea that they can create the right compromise and right balance to move this country forward. rick: terry, bill kristol, the prominent conservative, spent last couple days on this network talking about how republicans may want to go along with the president's plan to raise tax rates on those earners above 250,000. take a listen. i'll get your response. this is last night an "special report". >> the first takes rates expire on december 31st. rates are going up for everyone if nothing hap
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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